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Rite Aid to Kick off Month-Long Celebration Honoring KidCents Scholarship Recipients Starting September 9

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CAMP HILL, Pa.--(BUSINESS WIRE)--

During the month of September, Rite Aid associates nationwide will honor 274 students who have been named recipients of Folds of Honor educational scholarships provided by The Rite Aid Foundation's KidCents program. The $1.3 million donation to Folds of Honor, a nonprofit organization based in Owasso, Okla., dedicated to providing educational scholarships to children of fallen or disabled veterans, was first announced in May during Folds of Honor's annual Patriot Cup Invitational.

Rite Aid CEO of Stores and President of Rite Aid Corporation Ken Martindale, who also serves as president of The Rite Aid Foundation, and Major Dan Rooney, CEO and Founder of Folds of Honor, will kick off the month of recognition by presenting 18 students from the greater Virginia Beach area with scholarships totaling $90,000. The presentation will take place today at the Rite Aid store located at 897 Lynnhaven Parkway in Virginia Beach at 10 a.m.

"There's no better place for us to begin our month-long recognition of the KidCents scholarships recipients than Virginia Beach, a community that holds the men and women who serve our country, and their families, in the highest regard," said Martindale. "I know I speak for Rite Aid associates everywhere when I say that to have an opportunity to meet the young scholars and their families, and to hear their stories and listen to them talk about their educational aspirations, is truly an honor. The Rite Aid Foundation is proud to be able to support these students and we look forward to celebrating their continued successes through our partnership with Folds of Honor."

"Today is a proud moment for the Folds of Honor organization and those we serve," said Rooney. "Folds of Honor stands proudly with The Rite Aid Foundation in recognizing the KidCents scholars across Virginia Beach and the surrounding area as well as the more the 250 students nationwide receiving scholarships. We are honored to be collaborating with The Rite Aid Foundation and are so appreciative of their generous donation, which is helping to fulfill the educational dreams of our American military families."

Folds of Honor was founded in 2007 by Major Dan Rooney, an F-16 fighter pilot in the Oklahoma Air National Guard who served three tours of duty in Iraq. Since its inception, Folds of Honor has raised more than $70 million and awarded nearly 8,000 scholarships to the family members of fallen or disabled veterans.

KidCents was developed by The Rite Aid Foundation to provide Rite Aid customers an opportunity to do even more to help the kids in the communities Rite Aid serves. Through KidCents, members of Rite Aid's wellness+ with Plenti program can round up their in-store or online purchases to the nearest dollar and give their change to one of more than 360 nonprofit organizations focused on improving the health and wellbeing of children.

In addition to the donation, Folds of Honor is also able to receive round-up donations from Rite Aid customers through the KidCents program. To learn how to designate your change to Folds of Honor, visit www.kidcents.com.

Since its inception in 2001, The Rite Aid Foundation has awarded nearly $21 million to non-profit organizations. Additionally, Rite Aid, through the efforts of its customers, supplier partners and associates, has also raised more than $75 million for Children's Miracle Network Hospitals across the country since 1994.

Rite Aid Corporation (NYSE: RAD) is one of the nation's leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2015 annual revenues of $26.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.

Folds of Honor is a 501(c)(3) nonprofit organization that provides educational scholarships to families of military men and women who have fallen or been disabled in combat while serving in the United States armed forces. For more information, visit www.foldsofhonor.org.

Rite Aid Corporation
MEDIA:
Ashley Flower, 717-612-0136

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